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Other Papers on :Environmental Science

P/N/61. Regulation in fishing industry

(2005, 1000 words)

The paper examines the levels of fishing effort comparing the level of efficient effort and the level of excessive effort in a competitive fishing industry. A hypothetical two-firm fishing industry is described in terms of the game theory (prisoners dilemma). A need for direct and indirect regulation in biological and economic fisheries management is argued and supported with examples; regulation techniques are examined.
 
   
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